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PRESS DIGEST - South Korean newspapers - Nov 4

Mon Nov 3, 2008 7:23pm EST

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SEOUL, Nov 4 (Reuters) - The following is a summary of major South Korean newspapers on Tuesday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

DONG-A ILBO

Microsoft Corp. (MSFT.O) CEO Steve Ballmer said at a meeting with President Lee Myung-bak that his company plans to invest $60 million in South Korea over the next three years, the president's office said.

THE KOREA TIMES

The South Korean government plans to propose a bill aimed at thwarting espionage by countries other than North Korea, part of comprehensive revision of the criminal law by 2011, according to a government official.

MAEIL BUSINESS NEWSPAPER

The government has unveiled an economic stimulus package worth 14 trillion won ($11.09 billion) in a bid to boost the domestic economy.

CHOSUN ILBO

Saudi Aramco head Abdallah S. Jum'ah said in an interview that he can give up dividends for several years and invest more in S-Oil Corp (010950.KS), South Korea's third-largest refiner by size, if he has a chance to expand the business.

North Korean leader Kim Jong-il has 24 retreats in North Korea, all of them equipped with high-end medical facilities, and he could be staying in one of them, an intelligence source in Seoul said.

($1=1262.0 Won)



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